Stocks – Amazon is clouding sentiment – economy


Weaker growth signals from US online retailer Amazon caused many investors to pull out of the stock market on Friday. the Dax closed with a minus of 0.6 percent at 15 544 points. On a weekly basis, the leading German index lost 0.8 percent. Most of the big technology companies that have grown strongly in recent quarters are likely to have a harder time in the near future, said analyst Craig Erlam of broker Oanda.

The US online retailer Amazon increased sales by more than a quarter to $ 113 billion, but remained $ 2 billion below expectations. For the current quarter, Amazon warned of a slowdown in growth. Amazon stocks fell more than seven percent in New York. The signals from Amazon weighed on the shares of the online retailer Zalando in this country, which slipped by 3.6 percent. As the biggest loser in the Dax, the titles of the dialysis provider Fresenius Medical Care (FMC) sagged 4.5 percent after the presentation of business figures. They dragged the shares of the parent company Fresenius down by almost four percent, although the hospital operator and medical technology group had unexpectedly recovered strongly from the stresses of the corona pandemic and therefore raised its annual targets. FMC expects a profit decline of up to 25 percent this year due to the Corona crisis. Thanks to good business activity, the industrial gases group Linde is becoming more confident for the current year and has again raised its forecast. Sales climbed 19 percent to $ 7.6 billion thanks to higher prices and volumes. Linde shares gained 2.5 percent. RWE also expects a better result in 2021 than before. The paper of the energy company gained 0.2 percent. In the M-Dax, the lubricant manufacturer Fuchs Petrolub and the medical technology manufacturer Siemens Healthineers moved into the focus of investors with increased forecasts. While Fuchs Petrolub papers were among the top favorites with a premium of 1.6 percent, Siemens Healthineers gained 0.7 percent. There were also losses on the US stock exchanges. the Dow Jones was 0.4 percent lower at 34,950 meters at mid-trading.

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